Gold Silver Rate Today, 12 March 2026: City-Wise Prices, MCX Gold Stays Strong While Silver Slips

India's gold and silver prices on 12 March 2026 remain near recent highs, supported by safe-haven demand amid Middle East tensions, inflation concerns, and US dollar moves. The article covers citywise gold rates, international benchmarks, futures activity, and the role of digital platforms in bullion investment.

Gold and silver prices in India on 12 March 2026 stay close to recent highs, with safe-haven demand supported by Middle East tensions, inflation worries, and moves in the US dollar. In Delhi, 24K gold stands at ₹16,347 per gram, while domestic silver trades around ₹2,89,900 per kg, slightly below earlier levels.

Indian bullion prices show a mild upward bias for gold and a small pullback in silver, pointing to steady investor interest despite recent corrections. Market participants continue to weigh geopolitical risks, currency shifts, and crude oil trends, which are guiding flows into non-yielding assets such as gold and silver.

Gold Price: City-wise bullion snapshot

Across major Indian cities, 24K gold prices mostly align with Delhi levels, with small regional variations. Chennai, Coimbatore, and Madurai post the highest 24K rates at ₹16,417–₹16,418 per gram. Several metros, including Mumbai, Kolkata, Bangalore, Hyderabad, Pune, and state-average Kerala, match Delhi at ₹16,347 per gram, while a few others trade marginally higher.

Gold Price: International benchmarks and drivers

On global markets, spot gold trades near recent highs at about $5,177.50 per ounce, with an intraday band between $5,130 and $5,189.80. Trade is confined to a narrow range during US hours, reflecting caution over foreign exchange swings and ongoing geopolitical tension in the Middle East.

A firmer US dollar continues to restrict larger gold gains, even as demand for safe assets stays firm because of Middle East conflicts and persistent inflation pressures. Market attention centres on support and resistance zones around $5,100 and $5,200 per ounce on international charts.

Gold and Silver Prices: Futures action and recent gold trend

Front-month Comex gold (GCW00) hovers just below its previous close of $5,179.10, with a daily change of -0.68%. On 12 March, futures open at $5,185.40, touch a high of $5,189.80 and a low of $5,130, with volume at 7,686 contracts and open interest at 225,392.

Delhi gold has recently moved from a record high to a consolidation phase. The 24K price on 12 March is ₹1,63,470 per 10 grams, up ₹1 from 11 March and recovering from a monthly low of ₹16,113 per gram, or ₹1,61,280 per 10 grams, registered on 6 March.

Gold and Silver Prices: Historical movements and country comparison

Gold prices in Delhi over the last 10 days show sharp swings, including sizable drops around early March. The 24K rate falls from ₹1,67,770 per 10 grams on 3 March to ₹1,61,280 by 6 March, before rebounding to ₹1,63,470 on 12 March, while 22K follows a similar pattern between ₹1,47,850 and ₹1,53,800.

Across major gold hubs, India’s Delhi rate of ₹1,63,470 per 10 grams stays above some overseas markets. Dubai quotes AED 6,230, roughly ₹1,56,250, while the USA shows about $1,705, or ₹1,56,700. The UK, Canada, Australia, Singapore, Saudi Arabia, China, Japan, and Germany record varied rupee equivalents between roughly ₹1,50,500 and ₹1,60,600.

Silver Price: Silver’s global context and Delhi pattern

International silver benchmarks stabilise after earlier swings, with spot prices near $85.65 per ounce, backed by safe-haven interest and geopolitical worries. At major trading centres, New York COMEX quotes $87.90 per ounce, London LBMA $88, Shanghai $87.50, and Tokyo $87.20, while daily Comex movement shows a narrow band.

Comex silver contract SIW00 opens at $86.06, matches that level at the intraday high, and slides to a low of $84.06. Previous close stands at $85.53, with a daily gain of 0.13%, volume of 1,944 lots, and open interest of 78,474, indicating cautious positioning around support at $84 and resistance at $88.

Silver Price: Domestic silver details and monthly movement

For India, silver rates by quantity on 12 March show ₹289.90 for 1 gram, ₹2,899 for 10 grams, ₹28,990 for 100 grams, and ₹2,89,900 for 1 kg. Each slab is down marginally versus 11 March, with reductions of ₹0.10 per gram, ₹1 per 10 grams, ₹10 per 100 grams, and ₹100 per kg.

Silver Price: Silver history, key levels and investor angles

Delhi silver prices for March show a swing between ₹2,80,000 and ₹3,15,000 per kg. The month opens at ₹2,95,000, peaks at ₹3,15,000 on 2 March, drops to a low of ₹2,80,000 on 9 March, and then recovers to ₹2,89,900 by 12 March, implying a monthly fall of about 1.73%.

Analysts highlight that international support for silver sits near $84 per ounce, with resistance around $88, while Indian traders watch domestic boundaries at ₹2,75,000 and ₹3,00,000 per kg. Currency shifts, driven partly by lower crude oil, and heightened risk aversion from geopolitical stress, remain central for both gold and silver trajectories.

Gold and Silver Prices: Platforms and portfolio positioning

Indian investors are increasingly accessing gold and silver through digital avenues and listed products, alongside bars and coins. Options include digital gold via fintech apps such as PhonePe, Google Pay and Paytm, online orders from national jewellers including Tanishq and CaratLane, MCX bullion contracts, ETFs like Nippon India Gold ETF and ICICI Prudential Gold ETF, gold savings accounts, and silver ETFs from HDFC Securities.

Market commentators note that gold and silver allocations continue to serve as portfolio diversifiers amid geopolitical tension and inflation risk. Guidance suggests a gold share of about 5–15% of overall holdings, with systematic investment plans in gold or silver ETFs helping reduce timing risk, while digital formats offer additional liquidity and convenience alongside traditional physical bullion.